MULTIWOOD
ActiveMULTIWOOD has been active since 2001 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €831k and a net result of €120k. Equity is growing by ~44.4% per year across the filed fiscal years. Its solvency ranks better than 52% of 27358 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
86
/ 100
Excellent= vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability72▼-28
Solvency94▲+17
Growth78=
Stability100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €70k at 30 days acceptable
Liquidity ample (current ratio 6.39 against 2.5 in 2024), but 51.4% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Sector 43
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
48.6%
Return on assets
7%
Age of the figures
14 mo
neutral · A punctual record breaks
This company filed 9 consecutive financial years on time. The year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 02-02-2026, 2 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filingsDeviation from the deadline
2025
2 d late
2024
on the day
2023
42 d early
2022
5 d early
2021
4 d early
2020
6 d early
2019
24 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close13-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€831k▲ 16.9%
2024 · €711k
2019: €31k
2020: €31k
2021: €236k
2022: €347k
2023: €544k
2024: €711k
2019 → 2025
Total assets
€1.71M▼ 15.5%
2024 · €2.02M
2019: €138k
2020: €64k
2021: €2.51M
2022: €2.67M
2023: €2.28M
2024: €2.02M
2019 → 2025
Net result
€120k▼ 28.0%
2024 · €167k
2019: €250
2020: €6
2021: €206k
2022: €110k
2023: €198k
2024: €167k
2019 → 2025
Working capital
€1.03M▲ 29.3%
2024 · €794k
2019: €31k
2020: €31k
2021: €-159k
2022: €207k
2023: €539k
2024: €794k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€236k-€347k▲ 46.6%€544k▲ 57.1%€711k▲ 30.6%€831k▲ 16.9%
Operating result€277k-€129k▼ 53.3%€257k▲ 99.3%€248k▼ 3.6%€183k▼ 26.4%
Net result€206k-€110k▼ 46.4%€198k▲ 79.5%€167k▼ 15.8%€120k▼ 28.0%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 26% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.71M
Fixed assets
€491k▼ 29.6%
Current assets
€1.22M▼ 8.1%
Equity and liabilities €1.71M
Equity
€831k▲ 16.9%
Debt
€878k▼ 33.1%
The debt ratio falls from 64.8% to 51.4%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€389k▼
2024 · €454k
Cash flow
€326k▼
2024 · €373k
Solvency
48.6%▲
2024 · 35.2%
Current ratio
6.39▲
2024 · 2.50
Quick ratio
3.31▲
2024 · 1.45
Debt / equity
1.06▼
2024 · 1.84
ROE
14.4%▼
2024 · 23.4%
ROA
7.0%▼
2024 · 8.2%
Interest coverage
21.60▲
2024 · 11.99
Debt
€878k▼
2024 · €1.31M
Debt ≤ 1 year
€190k▼
2024 · €531k
Debt > 1 year
€680k▼
2024 · €766k
Income taxes
€48k▲
2024 · €45k
Staff costs
€201k▼
2024 · €246k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€2.02M€1.71M▼
Fixed assets21/28€697k€491k▼
Intangible fixed assets21€423k€377k▼
Tangible fixed assets22/27€274k€113k▼
Plant, machinery and equipment23€90k€31k▼
Furniture and vehicles24€145k€69k▼
Other tangible fixed assets26€39k€13k▼
Financial fixed assets28€500€500=
Current assets29/58€1.33M€1.22M▼
Stocks and contracts in progress3€556k€587k▲
Stocks30/36€556k€587k▲
Amounts receivable within one year40/41€650k€431k▼
Trade receivables40€646k€428k▼
Other amounts receivable41€3k€2k▼
Cash at bank and in hand54/58€107k€172k▲
Deferred charges and accrued income490/1€12k€27k▲
Equity and liabilities
Total equity and liabilities10/49€2.02M€1.71M▼
Equity10/15€711k€831k▲
Contributions10/11€20k€20k=
Reserves13€691k€811k▲
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€689k€809k▲
Profit (loss) carried forward14€18€8▼
Amounts payable17/49€1.31M€878k▼
Amounts payable after more than one year17€766k€680k▼
Financial debts170/4€18k€8k▼
Other amounts payable178/9€749k€672k▼
Amounts payable within one year42/48€531k€190k▼
Current portion of amounts payable after more than one year42€40k€30k▼
Trade debts44€436k€141k▼
Suppliers440/4€436k€141k▼
Advances received on contracts in progress46-€140
Taxes, remuneration and social security45€36k€19k▼
Taxes450/3€28k€12k▼
Remuneration and social security454/9€8k€7k▼
Other amounts payable47/48€19k€207▼
Accrued charges and deferred income492/3€14k€7k▼
Income statement
Code20242025
Remuneration, social security and pensions62€246k€201k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€206k€206k=
Other operating charges640/8€5k€6k▲
Gross operating margin9900€705k€595k▼
Operating profit (loss)9901€248k€183k▼
Financial income75/76B€2k€3k▲
Recurring financial income75€2k€3k▲
Financial charges65/66B€38k€18k▼
Recurring financial charges65€38k€18k▼
Profit (loss) for the period before taxes9903€212k€168k▼
Income taxes67/77€45k€48k▲
Profit (loss) for the period9904€167k€120k▼
Profit (loss) for the period to be appropriated9905€167k€120k▼
Appropriation of the result
Profit (loss) to be appropriated9906€167k€120k▼
Profit (loss) brought forward from the previous period14P€248€18▼
Transfer to equity691/2€167k€120k▼
To other reserves6921€167k€120k▼
The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
02-02
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 2 days late
2025
30-06
Financial
Liquidity triplescurrent ratio 6.39
Current ratio from 2.50 to 6.39; short-term debt falls from €531k to €190k.
31-01
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2023
20-12
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
30-06
Financial
Equity above €500kEq €544k ▲57.1%
5 profitable years in a row build equity to €544k.
26-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
27-01
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-06
Financial
Highest result since 2019net €206k ▲3243058%
Operating result €277k, net result €206k, both a record.
30-06
Financial
Equity above €200kEq €236k ▲668%
3 profitable years in a row build equity to €236k.
25-01
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-06
Financial
Weakest financial yearnet €6 ▼97.5%
Net result drops to €6, the lowest in the series; recovery starts the following year.
07-01
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2018
19-12
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
30-01
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
23-01
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Anzegem · 1 establishment unit since 2001
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Neerbeekstraat 238572 AnzegemGround area
4,507 m²
Building footprint
3,082 m²
Volume, LiDAR
14,110 m³
Parcel 34019A0665/00B000, Flanders · tallest building 17.1 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
MULTIWOOD
since 20012.101.428.685
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34019A0665/00B000 | Flanders | 4,506 m² | 1 · 3,082 m² | 17.1 m · 1 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2025 · 1 entry · 1,152 EUR awarded · 857 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 1,152 EUR | 857 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 19,948 companies in sector 43320 we hold annual accounts for 9,082. 4,819 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded19-11-2001
Fiscal year end30-06
Activities, NACEBEL
43320Joinery installation
43350Other building finishing work
Sources
Crossroads Bank for EnterprisesNational Bank · 23 filingsAddress and cadastre registers
Data from official sources, last processed on 12-09-2026. Scores and ratios are computed by Checked and are not a credit decision.